The dominance of the U.S. “petrodollar” continues to this day. Recent news coming out of Russia, however, suggests that the era of U.S. dollar dominance could be coming to an end, due to ...

The idea, wrote Wong, was to “neutralise crude oil as an economic weapon and find a way to persuade a hostile kingdom to finance America’s widening deficit with its newfound petrodollar wealth”.

A quiet revolution is reshaping the foundations of global finance. The Petrodollar system, which has underpinned the international oil trade and U.S. financial power for half a century, faces ...

Thursday January 16, 2025 – The Asia Society Policy Institute’s Center for China Analysis (CCA), in collaboration with Enodo Economics, has published a new report exploring the future of the ...

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and hastening the decline of the petrodollar, a report from a ...